System and Method for a Risk Check

2. The method of claim 1, wherein the first tradeable object is different than the second tradeable object.

3. The method of claim 1, wherein the first tradeable object is the same as the second tradeable object.

4. The method of claim 1, wherein the first electronic exchange is different than the second electronic exchange.

5. The method of claim 1, wherein the position risk value associated with the trading strategy is based on at least any one of the following: a trader pre-configured first maximum position for the first tradeable object; a trader pre-configured first maximum order quantity for the first tradeable object; a trader pre-configured second maximum position for the second tradeable object; and a trader pre-configured second maximum order quantity for the second tradeable object.

8. The method of claim 7, wherein the percentage reduction is a user specified value.

9. The method of claim 7, wherein the percentage reduction is identified as part of the trading strategy definition.

11. The method of claim 7, wherein reducing the order quantity is an action implemented at a client device.

12. The method of claim 7, wherein reducing the order quantity is an automated action implemented at the server side device.

13. The method of claim 1, wherein the server side device is a gateway in communication with the first electronic exchange and the second electronic exchange as part of a trading network.

14. The method of claim 1, wherein the server side device is in communication with a plurality of client devices implementing a trading application.

15. The method of claim 1, wherein the trading strategy definition is one of a plurality of trading strategy definitions received by the server side device, and where each of the plurality of trading strategy definitions is associated with one of a plurality of position risk values.